As an employee, write an internal memo to your manager addressing the following:

Using the Internet, locate the most recent financial report of a company of your choosing.  The company you select to research must be in the business of manufacturing a product.  If the required information is not available, then you will need to select a different company.  Write an initial post by responding to the following:

· Do not research the company listed in the text.

· What categories of inventory does the company show in its inventories footnote under “Notes to Consolidated Financial Statements”?

· Using the income statement and inventory information from the footnote, calculate the cost of finished goods manufactured for the most recent year.

· What elements of manufacturing overhead can you identify using the annual report?